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2014-SOS-Book

2014-SOS-Book

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Published by Jon Campbell
SOS Book
SOS Book

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Published by: Jon Campbell on Jan 08, 2014
Copyright:Attribution Non-commercial

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01/10/2014

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Governor Cuomo believes that New York needs a
public financing system for political campaigns. Such a
system would allow the voices of those who can only
afford to make small contributions to be amplified by a
small donor matching system. Giving a voice to small
donors would also help enable a diverse pool of
candidates with substantial grassroots support, but
little access to large donors, to run competitive
campaigns.

In addition, the proliferation of entities that
make independent expenditures during political
campaigns requires an effective disclosure regime so
that New Yorkers are aware of the forces attempting to
influence the electoral process. Creating such a regime
requires three actions: (1) broadening the definition of
electioneering activity that triggers the duty to disclose;

154

Governor Cuomo
believes that New York
needs a public
financing system for
political campaigns.

(2) mandating the disclosure of the names and
addresses of significant donors to organizations that
engage in independent spending; and (3) providing
effective public access to campaign finance reports.
Finally, New York State’s contribution limits for
candidates must be lowered generally, with even lower
limits for those candidates who receive the benefits of
public matching financing. Large contributions to and
transfers from political party committee accounts are
currently unlimited and
should be limited. The
current annual limit on
aggregate contributions
from a contributor to a
party or constituted
committee should be
reduced. In addition, the loopholes in current law that
allow LLCs to be treated as individuals (with their sky-
high contribution limits) must be closed. Similarly,
political party housekeeping and other accounts should
be limited to avoid end runs around the individual
limits on contributions to specific candidates.

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